江南化工实控人延长避免同业竞争承诺期限

Core Viewpoint - Jiangnan Chemical announced the extension of the commitment period for its actual controller, China Ordnance Industry Group, to avoid competition in the same industry for an additional five years [1] Group 1: Company Actions - Jiangnan Chemical's board approved the proposal to extend the commitment period to avoid competition [1] - Since the entry of China Ordnance Industry Group, efforts have been made to explore business integration and asset restructuring to address competition issues [1] - The restructuring of the civil explosives sector has been implemented in four phases, with only one subsidiary, Beijing Aoxin Chemical Technology Development Co., remaining in competition with Jiangnan Chemical [1] Group 2: Future Plans - The extension is aimed at ensuring a mature and stable integration plan, safeguarding the interests of the company and its shareholders [1] - China Ordnance Industry Group will continue to coordinate efforts to resolve competition issues as soon as possible based on a careful analysis of the current situation [1]